Mn Services Vermogensbeheer B.V. Boosts Stake in D.R. Horton, Inc. (NYSE:DHI)

Mn Services Vermogensbeheer B.V. increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 509.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,579 shares of the construction company’s stock after buying an additional 48,131 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in D.R. Horton were worth $1,991,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Shufro Rose & Co. LLC raised its stake in D.R. Horton by 0.3% in the first quarter. Shufro Rose & Co. LLC now owns 11,383 shares of the construction company’s stock worth $379,000 after buying an additional 33 shares during the last quarter. BKD Wealth Advisors LLC raised its stake in D.R. Horton by 0.3% in the second quarter. BKD Wealth Advisors LLC now owns 11,395 shares of the construction company’s stock worth $394,000 after buying an additional 39 shares during the last quarter. Conning Inc. increased its position in D.R. Horton by 0.7% in the first quarter. Conning Inc. now owns 7,482 shares of the construction company’s stock worth $249,000 after buying an additional 50 shares during the period. Cleararc Capital Inc. increased its position in D.R. Horton by 0.7% in the first quarter. Cleararc Capital Inc. now owns 8,293 shares of the construction company’s stock worth $276,000 after buying an additional 59 shares during the period. Finally, Charter Trust Co. increased its position in D.R. Horton by 0.7% in the first quarter. Charter Trust Co. now owns 11,148 shares of the construction company’s stock worth $371,000 after buying an additional 75 shares during the period. 82.72% of the stock is owned by institutional investors.

Shares of D.R. Horton, Inc. (NYSE:DHI) traded down 0.70% on Monday, hitting $35.60. The company’s stock had a trading volume of 682,851 shares. The stock has a 50-day moving average price of $35.15 and a 200 day moving average price of $32.91. D.R. Horton, Inc. has a one year low of $26.69 and a one year high of $37.44. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 13.34 and a beta of 1.25.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.71 billion. D.R. Horton had a net margin of 7.38% and a return on equity of 14.19%. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. Equities research analysts predict that D.R. Horton, Inc. will post $2.78 EPS for the current year.

D.R. Horton announced that its Board of Directors has approved a stock buyback plan on Wednesday, July 26th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.12%. The ex-dividend date is Monday, August 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 15.04%.

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A number of research firms have recently issued reports on DHI. BidaskClub downgraded D.R. Horton from a “buy” rating to a “hold” rating in a research note on Friday. Deutsche Bank AG restated a “hold” rating and issued a $36.00 price target (up from $34.00) on shares of D.R. Horton in a research note on Thursday. Wedbush lifted their target price on D.R. Horton from $36.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, July 17th. Royal Bank Of Canada lifted their target price on D.R. Horton from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $41.00 target price (up from $39.00) on shares of D.R. Horton in a research report on Monday, July 10th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $36.59.

In other D.R. Horton news, Director Barbara K. Allen sold 1,666 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $36.03, for a total value of $60,025.98. Following the sale, the director now owns 7,316 shares of the company’s stock, valued at approximately $263,595.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.20% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.